S&G Foundation Decreases Position in The Goldman Sachs Group, Inc. $GS

Key Points

• S&G Foundation cut its Goldman Sachs stake by 47.9% in the second quarter, selling 75,000 shares and retaining 81,600 shares worth approximately $82.5 million. Institutional investors collectively own 71.21% of GS.
• Goldman reported strong quarterly results, with EPS of $20.98 and revenue of $20.34 billion, surpassing estimates and representing 39.4% year-over-year revenue growth.
• The company raised its quarterly dividend from $4.50 to $5.00 per share, implying a $20 annualized payout and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,062.86.

S&G Foundation decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 47.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,600 shares of the investment management company's stock after selling 75,000 shares during the period. The Goldman Sachs Group comprises 3.8% of S&G Foundation's portfolio, making the stock its 6th biggest position. S&G Foundation's holdings in The Goldman Sachs Group were worth $82,528,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Compass Financial Management LLC acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter worth approximately $3,319,000. Elevation Point Wealth Partners LLC increased its holdings in The Goldman Sachs Group by 5.8% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 16,005 shares of the investment management company's stock valued at $16,111,000 after purchasing an additional 874 shares in the last quarter. Daiichi Life Insurance Co. Ltd. increased its holdings in The Goldman Sachs Group by 0.7% during the 2nd quarter. Daiichi Life Insurance Co. Ltd. now owns 28,561 shares of the investment management company's stock valued at $28,886,000 after purchasing an additional 211 shares in the last quarter. Strategic Wealth Partners Ltd. raised its position in The Goldman Sachs Group by 2.9% in the 2nd quarter. Strategic Wealth Partners Ltd. now owns 14,546 shares of the investment management company's stock valued at $14,686,000 after purchasing an additional 411 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in The Goldman Sachs Group by 5.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 97,699 shares of the investment management company's stock valued at $98,810,000 after purchasing an additional 4,811 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Trending Headlines about The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman’s involvement with potential future IPOs, including beverage brand Liquid Death, could support investment-banking revenue if the company proceeds with a public offering. However, Liquid Death’s CEO did not provide a timeline. Liquid Death CEO Dodges IPO Question Despite Goldman Sachs Ties
• Positive Sentiment: Goldman research highlighting stronger-than-reported Chinese gold demand and renewed expectations for Chinese economic easing could benefit the firm’s commodities, markets and advisory activity if trading and capital flows increase. China Gold Buying Far Exceeds Official PBOC Reports, Goldman Sachs Data Shows
• Neutral Sentiment: Goldman executive Chris Churchman warned that excessive reliance on AI could cause “cognitive atrophy” among junior bankers. The comments emphasize the need to preserve Goldman’s apprenticeship model while using AI, but do not indicate a change to earnings or strategy. Goldman Sachs partner warns of huge danger in letting AI replace bankers’ reasoning skills
• Neutral Sentiment: Articles comparing GS with finance peers and discussing Goldman’s stock performance provide market context but no new fundamental catalyst. Is The Goldman Sachs Group Stock Outpacing Its Finance Peers This Year?
• Negative Sentiment: Mark Walter’s TWG Global hired a former Goldman executive as its top lawyer while federal authorities investigate how two TWG-linked insurers classified more than $20 billion in loans. Although Goldman is not identified as the investigation’s target, the connection may create reputational and headline risk. Mark Walter’s TWG Global hires Goldman veteran Markowitz as top lawyer amid probe of insurers

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $1,036.86 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The Goldman Sachs Group, Inc. has a 1 year low of $721.16 and a 1 year high of $1,153.99. The company has a market cap of $301.90 billion, a PE ratio of 16.00, a PEG ratio of 1.05 and a beta of 1.30. The company's 50-day moving average is $1,053.15 and its two-hundred day moving average is $965.21.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping the consensus estimate of $14.47 by $6.51. The company had revenue of $20.34 billion during the quarter, compared to analysts' expectations of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The Goldman Sachs Group's revenue was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.91 EPS. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a $5.00 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.50. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group's payout ratio is 27.78%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GS shares. Wall Street Zen cut The Goldman Sachs Group from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings raised shares of The Goldman Sachs Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. BMO Capital Markets raised their price target on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the company a "market perform" rating in a report on Wednesday, July 15th. Bank of America boosted their price objective on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. Finally, Dbs Bank upped their price objective on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,062.86.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs' core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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